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thousands . another sunshine warning in affect. >> steve: that is not good. it is a victory for capitalism but not everybody is happy. that is not wisconsin. it is the state of michigan taking on the organized unions. we'll tell you what just happened to the michigan workers. it changes everything. >> brian: really. big government goes to dogs like forcing flood lights in the yard . it is it happening on friday. "fox and friends" starts just about now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. tgif. hopefully you will have a great friday as we move in the weekend. get christmas shopping done and put up the lights and your tree. >> brian: last week of the summer concert series. is it over. >> gretchen: break out your snow mobiles. i got ear must haves for you. steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> bria
friends try to get them involved in a great picture. >> this is from steve smith. brooklyn and alexis, they are practicing the ho, ho, hos. tweet us the card and photos and e-mail them to us as well. a lot of the time people can photoshop and take a bunch of them and easy to put the card and you can do that. >>> and thanks again, guys. "fox and friends" starts now. >> gretchen: good morning everybody. today is thursday. i am gretchen carlson and thanks for sharing your time today. brand new information on the newtown killer's final days what was he plan where was his mom in the final days? >> steve: meanwhile the fiscal cliff is bigger, not only with your taxes go up. you might not get a tax refund check even if you are owed money. >> brian: lawmakers will not let that fiscal cliff get in the way of movie night. did the break, did they watch here comes on -- we are live in dc, "fox and friends" starts now. ♪ "fox and friends". >> gretchen: they had movie night? >> steve: yeah. on lincoln. >> brian: most overerated movie of the year. >> steve: not since mr. smith went to washington h
died. we will have a live witness. >> steve: and a new tone set by democrats and it looks like this. a folks news contributor gets beaten up by a pro union protestors. steven crowder is live here to explain what happened in michigan. kaboom. >> brian: first we called him an owner and then a governor and then mr. president . soon someone might be able to call him grandpa. "fox and friends" will have that story. it starts now. ♪ "fox and friends". >> gretchen: good morning, everybody. we'll start with a folks news alert. breaking newings. witnesses say he stormed in a portland, oregon mall shouting i am the shooter. terrified shoppers tried to run for safety. the man wearing body armor and came flauge killed two people and seriously injured a third before taking his own life. many escaped and others hunkered down. the mall remains closed today and police have yet to release the name of the shooter although they know who he s. >> steve: shawn [-fls] shopping in the mall when they heard the gunshots and they join us live from portland. thank you for joining us. >> thank you for having
and thank for their service five departing members from the ohio delegation. congressman steve austria, dennis kucinich, steve latourette, gene schmidt, and betty sutton will end their service with us at the end of this year. and we'd like to go the next hour, as republicans and democrats, thank them for their service. i'd first like to recognize my colleague from central ohio, congressman steve stivers, for his remarks. mr. stivers: thank you, mr. speaker. i'd like to thank the gentleman for yielding. and i'd like to say a few things about our five departing colleagues who have given great service to our country. i want to thank them on behalf of the people of the 15th district for their incredible service and i'd like to talk a little bit about each one of them. i'll start with congressman steve latourette whose service in congress has really been incredible and he's been a role model for many of us who are younger. he's been a great mentor and he's not afraid to stand up for what he believes in. he knows that we've got to work together as republicans and democrats to solve our natio
's steve sedgwick. good morning. >> very good morning. this is really good news. we expected something along the lines. for so long now americans have not been replacing their cars. the average age of an automobile in the united states is 11 years old. the old is 20% or somewhere in the region of 16 years old. the replacement cycle seems to have started. that led to great news in november topping 15.5 million car sales in the month of november it was 1.14 million cars sold. a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really badly amid accounting issues as well. the sec taking aim at the accountants. >> all
the heat of the sun in hawaii going to the heat in washington. steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the day's top worst performing sectors i should say. new home sales surging to strongest level in more than two years. sales jumping 4.4% from october to an annual rate of 377,000, more good signs that that housing sector much needed to improve the rest of the economy is finally getting a boost. and the number of americans filing new applications for unemployment aid falling to its lowest level in nearly four and a half years. initial claims dropping 12,000 to a seasonally adjusted 350,000 the week prior was revised up by a thousand. da
-- highway 24 through la fayette, no delays. here's steve. >>> mostly clear, cold this morning. a little breeze for some. most temperatures are in the 30s. there are some upper 20s. we have a system coming in. it's splitting. i think the pattern -- this is a sign of things to come here for a while after what's been a very, very busy november and disease. i think things quiet down in january. part of this system will go north. part it is will south. 28 in santa rosa. 47 in livermore. this may be a very localized event. this is at the livermore airport. out by the lab, it's 33. they are getting a little northeast wind off the altamont pass. that's the only thing i can think of because not far away, it's 15 degrees chillier. upper 30s for some lowser to the -- to the bay. 6 -- for some lower to the bay. 6 below in tahoe. man. that's cold. see a little bit of shower activity trying to form off the north coast. i think this is falling apart. this low is heading towards southern california and i think therein lies the trend. the pattern looks quiet for the for the next 10, 15 days. you usually
:07, here's steve. >> thank you very much. beautiful sunrise over the big city here. we have some areas that are clear, probably some fog otherwise its clouding up especially to the north and some rain is trying. this is not a strong system but every system so far in a rain year -- or a wet year you go with it. in a dry year this doesn't have a chance but there will be light rain parallel to the coast. it's cold. pockets of fog. mostly cloudy. chilly to cold. for some not too bad but for others really cold out there. rain develops and if the system has enough punch snow level could be around 2500 feet. that wouldn't be until later though. 34 seems possible there. livermore and concord. 1 degrees in tahoe, sacramento 32 and even reading at 30 degrees. there's cold air to the north. you can see the lines right there -- some of that air is mostly clear. that's where some of the fog has been forming. looks like i doubt much of that is reaching the ground but it might. some of this lighter rain is starting to fill in with a lot of cloud cover. but watch how it really just kind of hangs -- ki
for republicans. plus, all the political fallout with steve bennan and michael tamaski. and we'll hear from eric cantor next np share your thoughts with us on facebook and on twitter using the hash tag edshow. we're coming right back. >>> welcome back to "the ed show." thanks for joining us tonight. speaker john boehner didn't have the votes for his own plan b this evening. boehner was desperately trying to save face with his caucus after rejecting an offer by president obama he should have taken. here's what eric cantor had to say just moments ago leaving. >> is there going to be a vote tonight? >> no. >> no vote tonight? >> no. >> will there be a vote tomorrow? >> no. >> are you ditching plan b? will there be a vote today? >> no. >> let's bring in congressman elijah cummings of maryland and also congressman john garamendi of california. gentlemen, breaking news tonight. very interesting. congressman cummings, did you think it was going to come to this? did you think john boehner was not going to be able to get the votes and be able to hold the vote in the house tonight? >> i have a feeling he
for republicans. plus, all the political fallout with steve ben nan and michael tamaski. and we'll hear from eric cantor next np share your thoughts with us on facebook and on twitter using the hashtag edshow. we're coming right back. >>> welcome back to "the ed show." thanks for joining us tonight. speaker john boehner didn't have the votes for his own plan b this evening. boehner was desperately trying to save face with his caucus after rejecting an offer by president obama he should have taken. here's what eric cantor had to say just moments ago leaving. >> is there going to be a vote tonight? >> no. >> no vote tonight? >> no. >> will there be a vote tomorrow? >> no. >> are you ditching plan b? will there be a vote today? this is flo. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. who helped make slea difference last yearose for thousands of california
tonight's disaster for republicans. plus, all the political fallout with steve ben nan and michael tamaski. and we'll hear from eric cantor next np share your thoughts with us on facebook and on twitter using the hashtag edshow. we're coming right back. i'm b. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. >>> welcome back to "the ed show." thank
. what do you make of it. >> martoma just made the biggest trade of his life. he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading. and passing that information to steve cohen. we know that he received that information. we do not know how martoma characterized the information. we do know that steve cohen received it and traded up on it as well. >> $270 million based on that information. it was not taped. it is what they are going to say occurred during that phone call. you will hear a different spin on that pho
into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up until the end, but the way i view this is we will not and cannot go over the fiscal cliff. >> you think the can will be kicked down the road. >> well, i think washington learned its lessons from the credit crisis. they are not going to have this go over the cliff, and i think it's going to be a recipe of a small part of cutting spending. a small part of raising taxes and a healthy doze of kicking the gan down the road. >> you would be so sure that these guys cannot do it when in fact here we are 18 days away. steve sax from your standpoint in, terms of etfs and in terms of indexing out there, how do you want to invest given all of these uncertainties as we approach year end? >> i'm in the camp i certainly hope we
people. time magazine's rana joins us and steve kornacki. it seems to me if you listen to newt gingrich, who has become a commentator every time he's not running for something, you get the sense that you don't want to run against hillary clinton because she's grabbed the scepter. she's quite hawkish on issues like iraq and the middle east generally. i think she's very hawkish xa d compared to most democrats. where is the wiggle room to go against her? >> i completely agree. i think she's done an incredibly great job. she's been incredibly deft at are he positioning the u.s. in a mul multipolar world where we have relatively less economic power. she's managed through digital state craft, through smafert uses of technology to project a soft power and it's been a great credit to our country and i think it's going to be a real tough thing to put in a bad light. >> you know, and, steve, i don't know about your politics on this, i think i'm a little to her left on a lot of thers foreign policy issues like iraq and the middle east. she's positioned herself just where you want to be, a notch o
. steve hayes, senior writer with the "weekly standard" and fox news contributor. jeffrey cleveland senior economist. and doug cote, chief market strategist with ing investment management. i will start with you, sir, doing, sure looks like investors believe we'll get a deal. what do you think? >> i don't think it matters. really what i'm focused on i know what the budget control act of 2011 is. let's call it what it is. it is a loss. why will there be tinkering in the last few days? as a strategist i will not be able to discount what they're doing. i think they just make it worse. i know what i'm getting. they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest prob
in stocks. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the opening bell on a tuesday morning. have a look at the s&p at the top of your screen. over at the nasdaq, northwest biotherapeutics on immunotherapy products. lots to watch today. i think we're getting comments slowly out of speaker boehner, which we'll get to in a moment. >> look, a little bit. still some activity before the official end of all activity whatsoever as we head into the christmas holiday. so arbitron up sharply. some people thought they were one company, but they are not. neilsen is a company that has large private equity owners at this time as well making that about $1.2 billion transaction. >> neilsen sha
. with me today, ben stein. steve cornaki is joining us, as well. president obama returned to washington moments ago, cutting short his christmas vacation. the president has now spoken with all four congressional leaders, according to the white house communications director he. the house remains on vacation, but there are a few signs of life in the capital. gop leaders have released a new statement with an old message to the senate. the ball is in your court. the statement says the house will take action on whatever the senate can pass, but the senate first must act. well, this morning, senate majority leader reid slammed the house republicans not not even showing up. >> if we go over the cliff, and it looks like that's where we are headed, the house of representatives as we speak with four days left after today before the first of the year aren't here with the speaker having told them they will give them 48 hours inside. i can't imagine their conscious. >> well, senator reid is expected to hold a news conference about the talks this afternoon. so here is where we stand. reid wants to ge
agrees that that action is necessary. gregg: steve hayes, is the senior writer for "the weekly standard" and a fox news contributor. steve, great to see you. the deal being bandied about right now to raise taxes on higher earners actually doesn't appear to do anything to fix the problem, that is, all the new revenue from higher taxes would be used for more spending. as we understand about 850 billion in new revenue would be spent on eliminating the fiscal cliff automatic spending cuts and extending unemployment checks. is it true not a dial would go to cutting the real problem, the debt and deficit? >> yeah. in one scenario that is absolutely the case. we shouldn't actually be surprised. it has been clear at least for a short amount of time that this hasn't been the goal of these discussions. i mean for all the talk about deficit reduction and despite the fact that this began as an effort to rein in spending after the 2010 elections, it is clear democrats in the house and senate, i would argue the president, haven't been serious about long-term spending cuts. gregg: maybe they're not se
and "morning joe" economic analyst. steve brattner. >> he came with charts. willie, do you have a chart? >> no. >> he's disturbed. i don't know if you heard this. has he done this to you? >> we have two obesity stories we have to get to. we're not going to break. >> stalling right now. >> the filibuster reform should be passed but not passed yet. our executive producer, alex, comes up to me this morning. like the syndrome, you stay here long enough start walking with a strut. alex corson, hey, call me acc 47. >> he's getting bold. >> yes! >> is that like a phil cavens thing? >> yes! >> i'm like, seriously, karins? so phil cabins? >> the baseball announcer in high school called him phil cabins. that stuck with him. >> think of all the things you've been called. >> i'm called that everyday. apparently i said something yesterday. >> what did you do? >> something about -- >> did you get in trouble? i don't know. i got a call from hugh hewitt. >> the radio guy? >> he's like, did you -- i just want to talk about what you said today. it was like 7:30 at night, the kids are running around, you know. i
when he tried to cross the border with a antique shotgun his family said was an heirloom. steve harrigan is live. >> reporter: after four long months the 27-year-old former marine was released from the notorious prison late friday night after several hours of paperwork. he was accompanied by u.s. consular officials from the border between mexico and texas. he met his father and the two began the drive home. they had to stop off yesterday in a hospital in louisiana room in louisiana, john hammar suffering from the stomach flu. having trouble keeping food down. the goal was to get him home for christmas. looks like it will happen now. heather? >> steve, quite an ordeal for the family to say the very least >> reporter: a very tough time. they received threats, ex-torgs attempts threatening jon would be killed unless they paid money. his mother said only once he crossed the border that she could finally relax. >> it was my first night that i slept all night long without getting up. it was just the thought of not wondering what is going on with him, can anyone hurt him tonight? that
steve israel, congressman from new york. plus, we'll also be talking more about what's at stake in washington and how the fiscal cliff is likely to effect investment decisions. we have value investor leon cooperman, he's going to join us on set starting at 7:00 eastern time. then at 8:00 eastern, we have black op co-founder and ceo ralph schlosstein. and lynn hutchins will join us. we'll talk about what they see playing out and what they think is working when it comes to the markets now. >> the bill that the president says is in the house that he will sign if -- that's in the senate -- >> the senate. >> the senate that he will sign if the house passes it is what? >> that is $. >> -- that is 250? >> 250? >> he said 400. he said, i have the pen, let's keep tax rates where they are for everyone at 250 and below. so this one, that's c these guys are pretty clever because that would keep rates where they are for everyone at a million and below. no middle-class taxpayers up to a million dollars -- >> that's no matter what, isn't it, in either bill? >>yon r -- i think it would be the s
and the megayacht that steve after a payment disputethe venus, a $137.5 million, 260-foot-long yacht, made october. it's currently stuck in the port of amsterdam after the designer, philippe starck agency to attempt to remit the final payment for his design. according to lawyers at starck's design company, the designer has only received 6 million of the 9-million- euro commission and is payment before the venus will be released. as santa prepares to make his big journey. kids and adults all over the world can track his progress onbut that's not the only place people can go to see one of our viewers. as rain poured into a hillsdale mall parking lot. you can see it rushing down to partially flood. in the south bay. ther were reports of sporadic flooding all around pounded the area. news. as you can see there are sidewalks. a starbucks parking lot alsoseveral inches of rainwater chp's statewide dui crack down. chp is reporting that 700 drivers have been arrested statewide for driving under the influence of drugs or111 of those arrests were made here in the bay area. in 2011 the chp arrested 263 area.
, thank you. i want to start with steve on this one. this sunday when given the opportunity to defend hagel, chuck schumer i just mentioned, refused to do so. listen to what this very smart senator from new york had to say. >> that's his choice. i think once he makes it, his record will be studied carefully. but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> steve, i have a sense that this knocking of this candidate has gone beyond neocons, people of the right. and including people who are just generally pro-israeli which is about most people in politics. i get the fear -- i have to call it fear because i liked hagel, that he may be in trouble now. the shots that have been taken at him about calling it the jewish lobby which is a problem because obviously people are very pro-israeli from the right. to use that term these days is the kind of thing that just ends up causing a lot of problems with people in the middle politically. they'd
'm steve kornacki. excited like a kid with a new puppy on christmas morning or something like that. any day you can talk about the intricacies of new jersey politics i love it. >> what travellers are not loving it the holiday travel mess. a check of the weather and what it means to get to grandma's. come on over the river and through the woods to "the cycle." >> we begin with what could only be described as one of the weirdest press conferences in recent memory. with nra's chief wayne lapierre giving what felt less than a news conference and more than a 30 minute case for ending gun violence with more guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. and to do it now. to make sure that blanket safety is in place when our kids return to school in january. >> oh, boy. this news conference monolog was interrupted not once but twice by protesters who wrote this on sheets. >> nra scope killing our children. it's the n
am claudine wong in for pam cook. mark is here for steve and i am liking your forecast. >>> we have been advertising a break-in the rain and as far as temperatures, we are off to a cool start in the of 40s. more cloud cover this morning. >>> i am tracking some more shower chances and i will have more on that in a few minutes. tara has an update on traffic. good morning tara. >>> this is a live look at 880, a lot more folks are out on the roadways this morning and this is a look at 237 near milpitas, traffic is moving on the right- hand side, let's head back to the desk. >>> we begin with breaking news. christian captain is there and what are police saying? >> well, the number one thing is that there were no officers injured. >> reporter: the one suspect in this case is dead. it's still a very active investigation on creek side drive. walnut creek police said it was a domestic violence case which ended in gunfire. there is more than a dozen cruisers from walnut creek police and from the contra costa area. then was actually behind the fence which you might be able to see and we learne
taxpayer feels the pinch. steve centanni, steve is there still any chance some sort of a comprehensive agreement can be reached? >> reporter: it's looking less and less likely. two sides in the did the debate had their say on sunday talk shows. there is a lot of talk and not much action. john boehner called off his public for a plan b, there has been no movement toward any kind of deal and some are saying the president wasn't to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. he sees a political victory. he gets additional tax revenues and gets to cut the military which democrats have been calling for years. he gets to blame republicans for it. >> reporter: if nothing has done by the end of the year, taxes go up for everybody. >> gregg: will be the president be working on these issues during his christmas holiday in hawaii or is it golf and r&r and spending time with the kids? >> mostly r&r but on friday the president acknowledged there might not be time for any grand bargain. he scaled back for exp
be absolutely true. but then again, you just never know where steve was going to be. you could be on the house floor and here he is defending trafficking on the house floor. a republican defending a democrat. if you ever need a lawyer, you want steve latourette to be your lawyer because he gave an incredible performance that one time. . but he was a guy who was dean of our delegation, because everybody could go to steve with an issue. whether it was an appropriations issue, internal issue, issue for ohio, he was a guy who would give you great advice and would work to get you an answer for the problem. so whether it was the appropriations committee or quite frankly the transportation committee where he served much of his career, was an area where he knew more about transportation and transportation issues, quite frankly than anybody in this town. he was a walking book on transportation issues. pretty hard for a buckeye to talk about a university of michigan graduate this way, mr. speaker, but it's going to be a big void for this house for not just all five, but especially steve latourette who h
.s. hospital with flu-like symptoms. just arriving back at his family's home in florida. that is where steve harrigan is live in palmetto bay, florida. steve, what a christmas gift for this family. >> reporter: jamie, it was rashable to see here, four or five minutes ago, jon hammar and his father drove up into the garage. hammar senior came out and spoke to the media for a few minutes afterwards. he said this is the greatest christmas he ever had. he looked visibly exhausted. jon hammar was released after several hours of with more paperwork after five months in the mexican prison. father and son drove back with the goal to get here by christmas day. they had to stop off at a hospital in the louisiana. john, jr., dehydrated with stomach flu. they're not sure about his condition. he can barely stand you. he walked inside with his mother and father. his father seems like an excited man right now, jamie. jamie: the mexican government, even with pressure from us to keep him for four months chained with handcuffs to a bed, it has been such an ordeal all along the way for this family. they had a
are retired now? caller: yes. host: steve in phoenix, kind of business do you have? caller: i have a trucking company. we move products locally in the state of arizona. the fiscalw how cliff is going to affect me personally. since we cannot produce things, any company that is affected negatively, that will affect us negatively. withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it.
ross and on the fundamental side it's steve cortes with veracruz. rich, look at the charts. which of these do you prefer, or do you prefer them right now. >> well, bill, the case of the biggest loser here, but overwhelmingly i prefer groupon. stock became public a year ago in facebook style. lost 90% of its value in just 12 months. had a nice bounce here. we've taken out the downtrend from the february high and taken out 509-day moving average. you see that key resistance, that key level at 550. i think we're going to take that out. we have a v-shaped reversal. a lot of momentum. we see projected upside to the 200 day, 8.40, 8.50, a very nice upside. we'd be a big buyer of groupon. j.c. penney, stay away from j.c. penney. the stock has been disappointing investors for over five years. down 87% from the 2007 high around $90. gotten a little bit of a bounce. you want to fade that bounce. don't trade that bounce. >> okay. >> you can sell your shares to steve because you want to buy them, right? >> i'm on the exact other side of this. bill, would i say trying to choose between these t
. but the question looming large over this case all along has been what it means for steve cohen. the government has reportedly been trying to make a case for years. martoma is the sixth s.a.c. employee to be implicated. and yet the idea of another form he sac trader's indictment can hardly be good news for cohen, the fact that the government didn't win martoma's cooperation in building a case against cohen surely must be a relief. martoma's lawyer has said consistently that his client is nnt innocent of the charges and defense attorneys expect martoma to plead not guilty at his next court appearance. nonetheless, he could choose to flip at any time, maria, and the government, of course, is still working other angings. sac for its part is not commenting today. >> kate, let me ask you about this because so many on wall street are looking at this story closely because they want to see if steve cohen, the founder of the firm, will be taken down. they've been circling this wagon for a long time, kate, and they continue doing that. tell us how they haven't been able to -- they haven't tape him down yet.
and fundamental side with steve cortes. good to see you both. one has been a stellar performer and the other not so much. what do you like right now? >> bill, you just summed it up. the news came out over the weekend and the market is telling you what you should believe in. netflix is up 1% and amazon down 3.5%. look at the chart in amazon, you can see it's been showing us this over the last four months. amazon put a high in at 261. about eight days ago tried to take out that high and couldn't do it. it put in a double top. that's a sign of a -- you know, of a failure. you have a stock like amazon who basically -- the stock failed at 261 and now we have a 20-day moving average which it broke through and 209-day moving average, the last time it broke through the 20-day moving average it fell 13%. now we look over at netflix, that's a totally different story, right you? said it was a dog. it bottomed out at $54 and broke above its 20-day moving average and stayed above its 20-day moving average for the last four weeks. if it stays above its $20 moving average we're going to long this. our pric
're shaking your head, steve, so you get it first. people think, 12 years of intense pressure on you. 4 years of running, 8 years of serving, into your late 70s. does anybody want to inflict that on their lives at the end of their life basically? your thoughts? >> i think there's a compelling case she doesn't run. 1992 they came to the national stage, and they have been on the national stage since then. for 15 of those 20 years all the way through 2007 she was -- she and her husband were the top targets of the right in this country. she called it the vast right wing conspiracy. there was something to that. it's not that they absolutely will beat her in 2016, i think she could beat them, but it's an issue of do you want to endure that kind of day-to-day attack politics, vicious politics, for another four years, for another eight years, or do you want to say i have proven enough in public life and i want to do something else? >> i don't know. i think she showed no signs of her energy lagging as secretary of state, and that's a pretty tough job, too. i'm not saying it's as vicious as running for
from congressman steve israel, democrat from new york. stick around for that. >>> the other big developing story we're following, secretary of state hillary clinton in a new york city hospital this morning being treated for a blood clot. her spokesperson says the clot was discovered during a routine followup exam yesterday in the wake of the concussion she suffered several weeks ago following a fall. now, nbc news chief science and health correspondent robert bazell is live from new york there in front of the presbyterian hospital. bob, what do we know about secretary clinton's condition and how she is being treated right now? >> richard, we know precious little. we had the one statement yesterday evening from secretary clinton's staff that said she suffered a concussion that was related -- excuse me -- suffered a blood clot related to this concussion. usually when somebody has a blood clot related to a concussion it is in the brain and would not be treated with anticlotting drugs. she is being treated with anticlotting drugs. so maybe she has a blood clot someplace else. we don
and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they
girls? savannah, thanks. next up, a guy who's been called the best dad ever. steve feeney overcame his own fear of heights to take his daughter on the screaming swing, a ride that certainly lived up to its name. >> never again, thanks, elizabeth! oh, my gosh! o oh! oh oh oh oh! oh oh oh oh! >> and steve and his daughter, grace, are back with us this morning. good to see i both. >> glad to be here. >> steve, what's it like to watch that video again? is it like reliving the ride? >> no. i can't believe i hopped on it in the first place. it's a good thing it happened. it's been a fun ride. >> why did you hop on it in the first place? i know you're afraid of heights. why did you hop on it? >> the ride was in pigeon forge and my wife was behind and in a store or something and by the time we got to the front of the line an adult had to go with her and i decided to go with her. >> did you have to pull dad's leg to get him on the ride. >> i definitely had to pull some. he wouldn't go on it voluntarily. >> what did you tell him? >>> told him, come on, dad, everybody else is going to on it. you'
: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are going to tell you ab
, steve, what do we know of hammar's release in. >> we heard from a number of different sources including his mother and father and the mexican attorney and his congresswoman, they all expect him to be released. it is ruled that his constitutional rights were violated and he had no criminal intent in bringing that weapon across the border. his own father, jon hammar left this morning to be on the texas sides of the border and will meet his son there when he crosses over and the two plan to drive home to miami miami when he crosses the border. >>gregg: any idea what shape he is in? >>reporter: it is a tough prison and it hold as number of cartel leaders inside. part of the time the four months he was in the prison he was chained to a bed inside a storage room and he received a number of threats and his family received extortion threats saying that jon hammar would be killed and this is likely the opposite he planned on, a relaxing surf vacation after nine months of treatment for post-traumatic stress disorder after serving in combat operations in both afghanistan and iraq. >>gregg: thank y
to get back to my christmas list here. let's see. casey dolan gets a girls' scholarship. steve lewis, steve got desks last two >>> good evening, americans, welcome to the ed show. i'm michael eric dyson in for ed schultz. the president cuts his vacation short to come back to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drumbeat against the nra. >>> six days until the price of milk shoots up to $8 a
latest on the fiscal cliff negotiations or non-negotiations, new york congressman steve israel, chairman of the congressional campaign committee. we're waiting on hearing from john boehner, but it appears that nothing is -- that no progress is being made, that we're walking backwards just as time is running out. what is your take from up there? >> i think you're right, unfortunately. you know, chris just said that this is a bit of a gambit by speaker boehner, and he is accurate. the thing is that we need fewer gambits and more governing. the republican -- the house republicans have just refused to govern. it has been cliff after cliff, shutdown after shutdown. it has been politics over improvement. this is just proof of the pudding. the president of the united states has offered compromise after compromise, and every time it looks, andrea, like we are close, the republicans move further away. they are more interested in partisan politics. they're more interested in preserving their careers than they are in preserving the economy for the middle class. if that wasn't the case, they would h
to the president, david axelrod joins the conversation. also "morning joe" economic analyst steve rattner. keep it right here on "morning joe." >>> we do not intend to spend -- send members home after this vote. we want to stay here. we want to avoid the fiscal cliff from happening. and again, i think that the decision is for the white house and the senate democrats to come join us so we can avoid the tax hike on american people and avoid the fiscal cliff. >> no vote today? >> nope. >> will there be a vote tomorrow? >> nope. >> are you ditching plan "b"? >> will there be a vote today? >> no. >> what happens next, mr. cantor? >> all right. it's a little bit of a contrast there. a live look at the white house. welcome back to "morning joe." harold ford jr. still with us. and joining the table is former treasury official and "morning joe" economic analyst, steve rattner. also with us from chicago, former senior adviser to president obama, now the director of the institute of politics at the university of chicago, david axelrod. good to have you all at the table this morning. all right. >> david ax
the market panel, steve sax, shares head of capital markets and john buckingham commack asset management chief investment officer. good to see you both. 2012 has been a lot better than anybody thought it would be 12 months ago. is there any chance that 2013 for all the naysayers could turn out to be a good year? >> that is precisely it. there are a lot of naysayers and pessimism. the fiscal cliff is a big issue and we have to get through it but once you resolve that, federal reserve is forecasting economic growth in 2.3 to 3% range next year. that is a favorable environment for equities especially given where we are in the interest rate cycle given the strength of corporate balance sheets and corporate profits. i think investors should be taking advantage of any sell-offs like we are selling today by adding to their equity exposure. liz: excellent point. if you look at some of the names that pullback today that have done pretty well, for example gap stores, a lot of these names pulling back in the retail space simply because the broader market was lower. is this the day stocks are on sal
from steve cook, head of the michigan education association was a guest on our program. the union leadership was working, meeting with governor schneider and he said no the last thing i want is -- i don't want to split this state the way they did in wisconsin and ohio. no no, no. i don't want anything to do with that. i want to work together with the unions. i don't want anything to do with this rumors that they might try to pass some so-called right-to-work legislation in michigan. they met for like about ten days and then on friday, the republican-controlled legislature forced through -- get this now -- with no public hearings no debate on the floor, no members of the public allowed to testify for it or against it, no members of the public even allowed in the state capitol building when they passed this bill it would make michigan the 24th state to have the so-called right-to-work legislation on the books. they forced it through and then rick sha nidor in a total turnaround, a total flip-flop a total doubl
clinton's glad clot. medical experts say the severe a steve the problem depends on the location of the clot. most risky are the rain. she is being treated by anti-could he ago ooh atlantas and will remain at new york's presbyterian hospital until tuesday to monitor her medication. this is not the first time that mrs. clinton had been treated for a blood clot she had one in the back of her right leg in 1988, she described it as the most serious medical condition she ever experienced. after a stomach virus she fainted and hit her head. it is possible the newly discovered clot had form before she was diagnosed with a discussion. it also could have resulted from bed rest. >> the blood clot i'm assuming is similar to the one she had in 1988 which was in the back of her leg. she did have a concussion recently, which probably made her a little immobile at home, which is a bit of a risk factor for developing clots in veins in legs, especially in people who are at risk for them h-frpblgts since suffering the concussion secretary clinton has not made any public appearance and canceled ove
. the incoming chairman is congressman steve scalise. he represents louisiana's first congressional district, and was first elected in 2008, one term before the wave election of 2010. he is known as a staunch conservatives, as is fitting. he advocates for the principles of limited government, as have all the other heads of the rsc. american greatness, limited government, and traditional family values. he is a member of the energy and commerce committee, and has established himself are still living conservative views to national energy policy, which may come up today. congratulations on a successful term, and welcome. [applause] we have a few minutes to ask a few questions, to get some thoughts from jim and steve about how they see the issues ahead of for the past couple of years. jim and i have gotten to know each other over the past couple of years. i have enjoyed that. we have seen a lot of stuff going on. not nearly as much wheeling and dealing as you have seen in congress. i am sure you have the scars to show for it. over the past tumultuous years, what of the biggest things you think yo
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